TearLab (TEAR) Prelim. Q1 Revenue Tops Views
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TearLab Announces First Quarter 2016 Preliminary Financial Estimates
April 20, 2016 5:20 PM UTCSAN DIEGO, April 20, 2016 (GLOBE NEWSWIRE) -- TearLab Corporation (NASDAQ: TEAR) (TSX: TLB) (TearLab or the Company) announced today certain preliminarily unaudited financial estimates for the first quarter of 2016.
TearLab estimates that total revenue for the quarter ended March 31, 2016 will be approximately $6.8 million, reflecting an increase of 25% from the first quarter of 2015. In addition, TearLab estimates that a net total of 257 TearLab Osmolarity® Systems were added in the first quarter of 2016, of which 167 were under the Companys new Flex program and 61 were purchased outside... More
